Illumina falls after third-quarter revenue miss
ILMN•Illumina reported third-quarter revenue of $1.13 billion, below analysts’ estimate of $1.15 billion. It raised its fiscal 2026 revenue forecast to $4.64 billion-$4.66 billion and annual earnings-per-share forecast to $5.40-$5.45.
1. Results and outlook
Illumina shares fell 13.2% to $254.08 in extended trading after the company reported third-quarter revenue of $1.13 billion, missing analysts’ estimate of $1.15 billion. The company raised its fiscal 2026 revenue forecast to $4.64 billion-$4.66 billion, from $4.60 billion-$4.64 billion, and its annual earnings-per-share forecast to $5.40-$5.45, from $5.30-$5.40. As of the last close, the stock had more than doubled year to date.
